$Meta Materials Inc.(MMAT)$ The closer to the dividend date/Spin off annoucement, we will be expecting to see more attack from the Shorties.
The reason is if they can push the price to a lower position, they will earn more when they buy back. Not forgetting those day trader who don’t know about the history of this stock and will tend to sell off their stock to cut loss. This will help the shorties to push down the price even more. So for investors inside this forum, please HOLD your precious stock as much as possible and only sell when the stock still to run up. When to sell depend on personal preference. I’m hoping for at least $50 and above during the squeeze and probably sell when i feel the profit is justifiable for the pain that I have endured for the past few months. It’s a mind blowing journey.
This company has lots of potentials as we are seeing many institutionals increasing their position and yet the price is not coming up. There is a saying that all these instiutions are buying through the dark pool and it will not cause a spike increase in the price. The free float are reducing day by day and that is to say if there is a squeeze, they cannot buy back the shares and will continue to push the price up until someone is willing to selling at their preferred price. So be patience and don’t sell off with a little profit. Wait at least till 28 December 21 for good news. Good luck to all.
To know more information on this stock and sentiment, you can join Reddit and look for r/MMAT. Alternative, Twitter and Stockwits also has lots of information about this stock.
Above write up is a personal review of the stock and does not serve as a Financial Advise to anyone. Do you own DD (Due Diligence) and read up more.
精彩评论